Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Andalusia at 203 2nd St E, Andalusia, IL, 61232 offers a 9.38% rental yield on a $162,900 purchase with $1,274/mo rent. Total monthly income registers $1,274/mo, and a $797/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,490/yr on $54,001 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $1,051/yr while 5% annual appreciation supports $45,006 over five years. Portfolio math shows five-year ROI at 118.89% and total cumulative return in cash at $64,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,274/mo property income against a $797/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
8,460 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61232, Andalusia, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 569 (100%) |
| Owner Occupied HU | 486 (85.4%) |
| Renter Occupied HU | 60 (10.5%) |
| Vacant Housing Units | 23 ( 4.0%) |
| Median Home Value | $225,581 |
| Average Home Value | $223,498 |
Residential
404
Single Family
404
Multi-Family
0
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Sold | $162,900 |
| 2025-05-21 | Pending sale | $162,900 |
| 2025-05-13 | Listed for sale | $162,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3419.96 | 11.85% | $49,190 | 8.70% |
| 2023-10-24 | $3057.72 | 64.42% | $45,253 | 11.70% |
| 2022-10-24 | $1859.72 | -5.88% | $40,513 | 5.50% |
Listed by: KayLa Forret-Munoz • HomeSmart Residential and Commercial Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263174
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 23:13:06 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)
